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. the big concern this morning, will the markets be spooked by all of this just over a week from the deadline? we're already seeing lower asian markets. and in an interesting twist, the high-level english official says that it's, in his words, the right wing nutters who are causing more of a threat to the world economy than problems in europe. amara? >> tracie potts in washington, thank you. >>> the man accused in the massacre and bomb attack in norway is asking for an open court hearing so he can explain himself according to his lawyer. anders breivik is due to be arraigned today. this as a shaken nation mourns the 93 victims who died. emma murphy from our english broadcast partner itv reports. >> reporter: in a country struggling to comprehend the events of the past days, there are few rituals to bring comfort. but hour after hour in the driving rain, the people of norway have lit candles and laid flowers in memory of their dead. they seek solace together, but it is a terrible shared pain. some of those who were injured in the ireland attack joined with norway's king and queen
and gloom for the market watchers. what's the truth here. >> traders for a long time figured this was no big deal a big oner. recently they started to take action pulling gold prices higher over $1,600 a troy ounce and a weak dollar means that oil prices are spiking higher almost to $100 a barrel. bar the door if we actually have a default then you could see the big impacts a big market sell-off spiking interest rates. >> shepard: default a much bigger deal than a downgrade. a lot of folks suggest a downgrade coming either way. >> a downgrade could come any time. very big impact on consumer interest rates, mortgage rates, small business loans. you name it, they become more exeivel if those interest rates move higher. also stocks could sell off not good news for your 401(k), shep. >> shepard: no doubt. gerri willis fox business news. her report 5:00 eastern time, 4:00 central on the fox business network jewels up the dial. one republican leader says president obama would rather give speeches about the debt crisis than find a solution. but the president's experts say he is the one actually tal
. remember, this big putt that he made for par at 18. that got him into the playoff. ian: that's not dissimilar to the putt that sean o'hair has upcoming for his par. bill: dean ryan from the royal canadian golf association marking it off, seeing who's away. david: i think sean o'hair would love to be away here. it's not the easiest up and down -- even though it's uphill there's a little false front there. mistake with the contacts you can either run it baby or come back to your feet for kris blanks. peter k.: he's indicateed that sean o'hair is away. ian: big right to left here. downhill. difficult to get the right speed. he wants to hole it but he's got to make sure he doesn't hit it so far by that he doesn't make the five a test. kris blanks has a tricky chip sitting down in that first cut, sitting down in that first cut, coming steeply uphill. wonderful effort for sean o'hair. it's a bogey. it's a bogey. but it was a beautiful putt. bill: watch kris blanks in the background. a little body english. ian: yeah, it's a gentleman's game, isn't it? david: with some great acting.
as legal. ceremonies were held from manhattan to nighing a ray falls. >> last-minute captures on the big day. same-sex couples sweltering in the heat. >> with the celebration comes spending. it's thought same-sex marriages will boost the country by $3 million over the next three years. a handful of states have legalized same-sex marriage and new york is the one that will draw in the crowds. a destination in its own right. -- in its own rite. >> mark mattias had his cupcakes at the ready. his customers in this predominantly gay area of manhattan are now planning their weddings. >> roughly 50% of our business is weddings and we're expecting a big boost in revenue due to same-sex couples's weddings. >> the federal government here doesn't recognize these weddings. >> if one of us should pass away, the other cannot get social security and with regard to finances and taxes, we're not just treated the same as a heterosexual coup. >> whatever the picture at the national level, new york is welcoming same-sex couples with open arms, and after years of waiting, newlyweds are ready to throw the ulti
throughout new york on sunday from the big apple to niagara falls. same-sex couples took the plunge taking advantage of landmark legislation that permits gays and lesbians to marry in the state. the first day of legalized same-sex marriages did have a few protests, but they fizzled quickly as scores of gay and lesbian couples said i do. new york is the sixth and largest state to allow same-sex marriage. >>> hundreds turned out at california's imperial beach to watch a group of artists playing in the sand. each craftsman attempted to carve their place among elite sand sculptors, churning out amazing works of art. this year, 32 teams competed for a $21,000 grand prize. >>> and finally in florida, several men did their best impersonation of ernest hemingway. the annual look alike contest at the hemingway days festival pitted over 100 clones of the famous writer against one another. the winner, a 63-year-old biomedical engineer said along with his looks, he shared hemingway's fondness for sport fishing and writing. >>> now for a look at your national and regional weather, here's nbc meteorolog
that washington could be on the verge of its first-ever default. the big question now, how might wall street react this morning? >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable that we'd ever do that. >> reporter: a market slide could affect what you pay for mortgages, car loans, financing college. right now, washington is stuck on the timing. democrats and republicans want to tighten this up now. >> i don't think they have they choice. >> reporter: republicans want a short-term deal. cut $1 trillion now. and then, more cuts through the elections. >> and not some short-term gimmick. >> i know the president's worried about this next election. my god. shouldn't we be worried about the country? >> reporter: speaker boehner told conservatives to be ready to make compromises. >> if you break it, you own it. >> reporter: has the world been looking at all of this? one english official says right-wing nutters, as he calls them, in congress, are causing more of a problem for the economic economy than the crisis in europe. >>> the man accused in the massacr
morning steve and alison big hello welcome back. >> thank you tuck. i experienced dry heat i will talk about it later in the show. >> we had something from another world over the weekend temperatures a little better today i want to stress, low 90s decent chance for scattered showers and thunderstorms could use those this is generally a good news monday forecast let's look at our satellite radar, again we will start with radar gain showers off to the south and east, heavy rain in spots across southern maryland during the overnight hours they had a flash flood warning, but you can see here in the immediate washington area, fairly quiet conditions there is a lot of haze and humidity in the atmosphere. temperature not comfortable, regan national, 81 degrees. 76 dulles, 75 at the naval air station and 75 hagueers town. partly sunny condition, thunderstorms developing later, highs upper 80s low 90s again our best chance of rain this week let's hope we get a little bit before sunshine returns tomorrow more details in the forecast in a coupling minutes lauren. >>> we are still dealing with two
tuition before we stop funding, clean energy we should ask big companies to give the government tax breaks. before we as seniors to pay for more firm health care we cannot simply afford under these circumstances. despite all the rhetoric they are confident i deadline will be reached. >> a laptop in a piedmont section >> and had at gaylord's cafe three robbers entered the shop and stealing laptops from people sitting inside. one tackled the peace that they've pulled a gun and shot a woman sitting out here in the leg. >> a fair amount of blood shoe is pretty, about >> she was working at the time of the robbery. >> when i came many bought ice-cream and two more guys came in and bought the same thing and then were just hanging around outside. there was a cop car pulling ups they got away for a second >> cafe shooting happened just before 11 not saturday night. it is a normally quiet piedmont avenue >> we get all lot of laptop to snatched here all the time. >> still n head on the kron 4 weekend more on the news of 80 wineglasses dallas. it it should be a nice day today perry [ male announcer ]
feeling. >> i can't wait to see you in new york. start that race together and give you a big hug at the finish line. >> sounds good. can't wait to see you. >> if you want to follow along with me or any members of the six-pack, logon to cnn.com/sanjay. thanks for being with us this morning. time now to get you back into the cnn newsroom for a check of our big stories. >>> this from the cnn center in atlanta, georgia, this is your saturday morning, k a.m. eastern time and i'm t.j. holmes. two developing stories. first the president summoning congressional leaders back to the white house for a saturday morning conference. this comes the day after the house speaker, john boehner walked out on debt talks. the president calling them right back. >>> also the developing story out of norway where at least 91 people have been killed in two separate attacks in norway. police there say these two attacks are, in fact, linked. still a developing story. we'll have the very latest for you live in just a moment. we need to begin in washington, d.c. with that looming deadline on the nation's debt.
no major problems with power right now. and we're not expected to break a record. but big problems are on the track. we have reports of people stranded without air conditioning, on marc trains. there have been power problems. and they're single tracking between here and washington. also, there's an amtrak train that is stalled near new carrollton right now, with 400 people on board. thankfully, though, the air conditioning on that train is working. >> reporter: the sun beat down. baking maryland in record- breaking heat. >> a big, hot wet blanket. >> like i'm in a bowl of hot pea soup. >> feels closer to 114. >> bge, allowed wjz inside its electrical operations control room. the number in red is how many megawatts of power is being used. it's 5500 on a typical day. >> he's not seeing any significant problems. there's been some heat-related problems in what we do in advance of really hot weather. we'll put more resources in the field so they can more quickly respond to power outages. >> reporter: marc train operators are monitoring for problems, after dozens of people were stranded
day in solitary confinement today as norwegians rally together. this is not a big country which makes scenes on the streets all the more powerful. flowers still fill the streets of oslo today. it was called the rose march, an extraordinary outpouring of remembrance in downtown oslo spurred first by a single user on facebook. crowds eventually swelled to over 200,000. are you surprised how many people came out? >> no. norway is small country and everyone love each other. >> reporter: it wasn't just norwegians. americans as well. i noticed you came down with both the american flag and the norwegian flag. >> yeah, that's correct. >> reporter: support for both countries? i want norwegians to know everyone is supporting them. >> reporter: norway's prime minister said we are heart broken but not letting fear break us. the fear the result of this man who we got a glimpse of on monday. portraying no emotion. police say he has given them additional information he may have worked with two other terror cells both capable of future attacks. for that reason, he'll spend four weeks in solitary with
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
to engage in serious negotiations. >> so, now what is the big question? speaker boehner will rebut the president just about 14 minutes from now. we'll take you there live. in his letter to his colleagues, he said his preference now is to work on a plan in the congress. but the president expects the house and the senate leaders of both parties at the white house saturday morning. is this just theater before a deal or a recipe for gridlock and maybe an economy shattering government default? chief white house correspondent jessi jessica yellin, and kate bolduan, and gloria borger here, jess, the speaker doesn't want to negotiate anymore, and this is not a president known for his anger or his temper, but he seemed pretty piqued. >> reporter: this was the president hitting by far his most frustrated, fed-up note during the debt negotiations by far, john. we heard him say that the republicans just don't know how to say yes. that he offered the most generous package he could. in short he said that he offered them a deal that democrats just didn't like. he was basically saying he was enrag
through song. >> i want people to know what an amazingly, beautiful, talented girl who made a big impact in the music world and personally to lots and lots of people. and that's ba what her family to know as well. she made a really big impact. >> an autopsy is scheduled for tomorrow. >>> in san francisco today, the contemporary jewish museum held what had to be the first ever hand holding music and art exhibit. all of it with a gay and lesbian theme. ♪ there's the music, the hand holding part of the event comes after one of the security guards there told a lesbian couple two days ago they were not allowed to hold hands inside the museum. the museum director says today's event was a big success. >> we just couldn't be happier with the outcome. people coming, people singing "i want to hold your hand" and recognizing that the contemporary jewish museum is for everybody. >> museum officials say the guard worked for a private security company and was immediately removed from the premises after last week's incident. >>> still to come at 5:00, a well known bay area surf spot becomes a place o
&p said they need to do to keep the credit rating at triple-a. >> how big of a concern is that? even with the plans the credit rating might still be downgraded? >> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been
.m. this meeting last night came after word of a potential deal and a pretty big deal after word of a potential deal really stole the headlines yesterday afternoon and overnight. this would be, as i said, a pretty big deal. $3 trillion in deficit savings over ten years. and we only have a rough sketch of it. what is interesting, don, as you said, the white house is shooting this down. they say there is no deal. we heard jay carney shoot this down yesterday. the speaker's office is saying there is no deal but we have from congressional sources who are speaking on anonymity there is a framework. at 10:00 a.m. we will detail what the sources are telling us is in this potential agreement. >> only 10 1/2 days. thank you very much. we will be coming back to you throughout the day. >>> among an already crowded field of gop presidential candidates, a new cnn/orc poll suggests that texas governor rick perry may want to throw his hat into the ring too. mr. paul steinhauser joins us live from washington. >> rick perry is thinking about jumping into the white house and could do it. stay tuned on that. the
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
for weeks and weeks and weeks over big proposals to cut $4 trillion in spending and remake the way america collects taxes. mr. boehner fell pressure from consumer lives -- boehner felt pressure from consumerconservats and walked away. he did get involved. now he is kind of out of the room and is a mere spectator, as you indicated. >> at the end of the day, it looks like the debt ceiling will be raised. it has happened three times during the obama administration. >> yes, this is a strange fight for american lawmakers. in the past, the debt ceiling was raised routinely on the backs of other pieces of legislation. the so-called tea party republicans, who were elected as the referendum against obama and the democrats', said they would never raise the debt ceiling. that's the problem mr. boehner is facing. they have had months to get their troops ready for this. they are close. there's only a handful of votes away -- they are only a handful of votes away. the people elected in 2010 were elected on the single platform of not raising the debt ceiling. it has been an uphill battle for mr. boehner.
in rural areas. last year the postal service lost $8 billion. the partial shut-down of the f.a.a. is a big windfall for most u.s. airlines this morning. congress failed to fund the budget for the f.a.a., authorization to collect taxes on airline ticket expired. only three airlines though -- alaska air, frontier and virgin atlantic, are dropping fares. other airlines are collecting and keeping $200 million a week. >>> mcdonald's is announcing big changes to its happy meals today. the los angeles times reports the fast food giant will add servings of fruits and veggies to the popular meals and the size of fries will shrink. look for changes in september. >>> and that denver teenager mauled by a bear in alaska is describing the attack from his hospital bed. the weekend attack happened north of anchorage. 17-year-old sam gotsian was on a hike for a survival course. some got away and sam was lucky just to survive. >> i thought i was going to die when i was being attacked. i was so scareded. we saw the first person go around the corner, yell bear and run backwards. i looked behind me and the bea
be on the way? >> we had a day we didn't hit a hundred. we had big storms blow through especially anne arundel county. some went to ocean city where the detour was delayed because of the weather. we are at 78 and it feels like 84. we have the nasty heat index at this hour. many days into the heatwave, storms still around the eastern shore. watch the pivot-- watch these pivot around. i think we will have ourselves a partly cloudy morning. probably more clouds than we are showing. we will go to 9 # but there will be heavy downpours developing as well. how about traffic? >> reporter: we have no accidents reported. baltimore city or baltimore county. good way to start out the morning. let's look at the beltway. we have no incidents reported there either. this is 695 at wilkins avenue. very light traffic building in both directions. outer loop on the left a few cars but no incidents to report. we are dealing with construction on 95 northbound before 216. two left lanes are closed for repaving. we have a disabled vehicle # 95 northbound at harbor tunnel. northbound tube is closed also roadwork 295 n
big sweaty shoes to fill. >> juan: you know, i think when they say is i am light in the pants. trying to fill in for bob becket. >> greg: if you look below the table you find an ankle monitor. >> juan: okay. >> greg: i to ask you, what is with the contrast of the polls. they like him but not his job. how do you explain that? just they do like him. when it come -- >> juan: they do like him, and when it comes to the economic performance that drives the numbers, it's compared to what. if you ask them about for formenace of republicans -- performance of republicans it's worse than president obama. so what you see is they are saying we don't like the way any of the politician in washington is doing business. apox on all of their houses, a bunch of bums and not doing job number one, producing jobs. >> greg: eric is laughing. >> eric: i chuckle because you talk about the congressional approval rating around 12% and point out it's republican congressional. but democrats are in that group, too, are they not? >> juan: they have, but they have lower rating than democrats in the congress. >> eric
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
, again, big difficulties with the sydney s&p 200 by more than 1%. let's move over to europe. we're a touch into the hour on the trading day. a decent run-up on some of these markets in the course of last week, off by -- well, actually only a fraction of a percent now. it has been more than that, half a percent for the cac. in the united states markets clearly opened -- will be opening in less than five hours' time and we're looking to a lower start as well. off by 1%. certainly a little pessimism. maybe some optimism mixed in. we will, as hillary clinton says, see a deal in the course of day or the next day or two. >> yeah, it will be interesting to see how the european markets pan out as well and how it affects the u.s. futures. you know, this talk of possible default is actually sending some investors to safe havens like gold for example. hitting a record high of $1,617.30, now it's $1,617.30. the oil price pulling back just a tad over the back of what's going to happen to the u.s. economy and demand for crude. charles. >> hmm. now, if hillary clinton is right and a deal is ju
of some instruments that could -- showing, you know, trouble in the lending market. >> the big question is, will washington let that happen, and right now that answer is not any clearer than it was yesterday morning. we begin with breaking news, though. this titanic struggle that's continued to go on right now to end the debt crisis before next tuesday's deadline. here's a live look at the capitol where overnight, infighting among republicans forced house speaker john boehner to yank his debt bill. they thought there was going to be a vote last night. there is hope he will try to pass it again today. in four hours the speaker will again sit down with fellow republicans and again try to entice just a handful of hardline conservatives to fall in line. >> the bill's not perfect. i never said it was perfect. nobody in my caucus believes it's perfect. but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan way to send it to the senate where it can receive action. >> now the speaker's bill would cut $900 billion from the budget over ten years in exchange for a
currency including the euro, jach knees yen as well as the british euro. the big news out of australia today, well, basically the aussie dollar is near a 30-year high. since last year alone the aussie dlar has risen this much, 18.6% against the u.s. dollar. tony morris told cnn there will be winners and losers because of this. >> certainly going to make it more difficult for exports overseas, particularly manufacturing. will make it much harder for the retail sec tor to compete with cheaper goods from overseas. another direct impact, it makes it much more expensive for tourists to visit. those parts of our economy for the tourist sector, we're not going to benefit so greatly from that. the wig guest winners for this are the consumers. find it far cheaper to buy hopefully things on the shelves, for example. >> so the aussie dollar's record strength comes partly thanks to the debt ceiling deadlock in the u.s., but also linked with higher-than-expected inflation down under. australia's latest cpi reading came out today at .9%. many analysts were expecting .7%. because of this higher figur
, indeed. they raised the stakes earlier on, making a big deal saying he no longer wanted to work with the white house, and yet we're hearing he's going to be at the white house tomorrow morning for more meatings. how is the white house iraqing to this? >> there's a lot of talk about the fact the president has put in repeated calls to speak eer boehner as the president tells it, in order to get a response. the white house made an outreach, an overture of the outline, and the president called speaker boehner's office first, and was told that speaker boehner wasn't available to talk to the president. this is not your stand protocol in president. you make yourself available to talk to the president or shortly thereafter. there is frustration about that expressed here, but there is still an openness and a willi willingness on both sides to negotiate because everybody wants to get the debt ceiling raised, and here, also, they say maybe this obama/boehner framework could be the deal in the end, so it's still not off the table from this perspective. >> you say there's a willingness on bo
. >>> the big business of gay marriage. one day before same sex couples tie the knot in new york, how some companies are planning to cash in. >>> good morning, everyone. i'm alex witt. welcome to msnbc saturday. we have two developments in two deadly attacks carried out in norway that left 91 people dead. police have one man in custody suspected in both attacks. one was a bomb set off in downtown oslo, and the other happened not long after when a gunman went on a shooting spree at a teen summer camp at an island outside of oslo. martin fletcher joins me on the phone from oslo. martin, let's talk about what police are revealing about the suspect. what do they know? >> reporter: well, alex, he's 32 years old, and he's a norwegian. interestingly on his facebook page he updated his facebook page just a week ago, and on that he called himself a conservative and he called himself a christian and he said his favorite hobby was hunting. so this paints a picture of a man who seems to be -- well, how can you describe such a person? radical of some kind. the police are saying it looks like it was the
probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans on the house including his fellow leaders including kevin mccarthy, i'm told he is still considering it even though it's risky. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what'ss on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and that should happen today. >> you think it can happen befor
." big developments expected on the debt ceiling debate. john boehner hopes to unveil a new deal by 4:00 p.m. this afternoon. mike viqueira has more. good sunday morning, mike. >> reporter: well, good morning to you. crunch time in washington after talks in the white house blew up between republicans and president friday night. congressional leaders and staff have been scrambling to find a way out of the mounting crisis and of course, there are nine days to go before the first possible default in u.s. financial history and government history. leaders hope to announce at least later today the framework for an agreement. and they're doing that in part to soothe worldwide market jitters that many of the markets open late today eastern time around the world for monday openings and there's a great deal of concern an adverse effect. john boehner has a proposal on the table. leaders huddled last night to look at it. call for $1 trillion in cuts but dealing with major questions, the most volatile questions that we've seen, including cuts and changes to social security and medicare, and what t
for a lot more spending cuts later on. they are running out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgra
source that this meeting was called over a big impasse between these congressional leaders on these now fresh negotiations between them, don. the impasse is over a part this proposal that we've now learned that house speaker john boehner is pushing, and it has proposed to some members on a conference call earlier today. this proposal would raise the debt ceiling but would also come with $3 trillion to $4 trillion in cuts but would require a two-step process. and that's where the big impasse is according to democratic sources over this two-step process. one source putting it to me pretty clearly, it was rejected in the meeting. this person said neither reed nor pelosi nor the president will agree to any deal that does not increase the debt ceiling, the debt limit through 2012. that seems to be the impasse where they are now. i will tell you one point this a source says that was agreed on in the room is that they want to reach some agreement before asian markets open tomorrow. so they are actively working. if we take anything away from this afternoon, maybe one part of a proposal might be
Search Results 0 to 49 of about 331 (some duplicates have been removed)